Bitcoin has been on a downward trend since reaching its all-time high in March. The buy-the-dip sentiment among crypto traders has been prevalent, with many hoping that the correction will soon come to an end and Bitcoin will surge to new highs. However, according to crypto analytics platform Santiment, the excitement around buying ‘cheap’ Bitcoin
admin
The recent abduction of a 55-year-old crypto investor in Hong Kong has raised concerns about the rising number of crypto-related crimes in the city. The victim was attacked by four men with a stun gun while riding in a car with her husband. The suspects, who are still at large, reportedly abducted the woman in
Bitcoin, the premier cryptocurrency, has been experiencing a sluggish price movement within a consolidation range after reaching a new all-time high in mid-March. This lackluster price action has raised concerns among investors, particularly with the recent loss of support at the $60,000 level. However, it is not just the price of Bitcoin that has cooled
Ethereum (ETH) has experienced a significant downturn in the past week, with a 6.45% decrease in its value. This negative trend has been ongoing for the world’s second-largest cryptocurrency, as it has also seen a price decline of 16.57% over the last few months. The recent attention on Ethereum was sparked by a crypto whale
The upcoming U.S. presidential election in 2024 is set to be heavily influenced by the topic of cryptocurrency. A recent survey conducted by the Digital Currency Group (DCG) revealed that one in five registered voters consider crypto to be a significant issue in the election. Surprisingly, 40% of voters expressed a desire for candidates to
In the last 24 hours, the cryptocurrency market has shown signs of stabilization, pausing the recent bearish trend and entering a phase of consolidation. Bitcoin is currently hovering around the $61,000 mark, while Ethereum has dipped below the crucial $3,000 level. The sudden correction in Bitcoin’s price, dropping below $61,000 and witnessing a 3.5% decrease
In a surprising turn of events, major U.S. banks JP Morgan and Wells Fargo have recently made headlines by announcing their investments in Spot Bitcoin ETFs. This move is significant not only because it shows their exposure to BTC, the world’s largest cryptocurrency, but also because it signals a departure from their previous cautious stance
Cardano (ADA) has been making significant progress according to crypto analyst Javon Marks. Marks believes that ADA has broken the resisting trend and is on track to potentially see a 15x increase in its price. This positive outlook is further supported by recent price predictions, with analysts like Altcoin Daily and Ali Martinez also expressing
Core Scientific, a key player in the Bitcoin mining industry, has recently unveiled their financial performance for the first quarter of 2024. This financial disclosure marks a significant turnaround for the company, which had previously faced bankruptcy. The most notable highlight of Core Scientific’s financial report is the substantial increase in net income, which soared
Bitcoin faced a 3.06% price decline on Friday, reaching as low as $60,372.36 according to data from CoinMarketCap. This indicates a period of consolidation for the crypto market leader, as it struggles to maintain its previous highs. Trading analyst Titan of Crypto has expressed strong confidence in Bitcoin’s ability to rebound and produce a post-halving
The House Financial Services Committee Chairman, Patrick McHenry, recently announced that new legislation aimed at providing the crypto industry with greater clarity regarding regulatory oversight is scheduled for a potential House floor vote by the end of May. This proposed legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, seeks
The International Monetary Fund (IMF) has voiced its recommendation for Nigeria to embrace the regulated use of digital assets by licensing international crypto exchanges. This move is aimed at improving the economic stability of the country and bolstering its position within the African crypto sector. The proposal comes in the wake of a recent crackdown
The cryptocurrency market has recently experienced a significant pullback, triggered by US economic data that reignited fears of stagflation and hawkish commentary from Fed policymakers. As a result, traders are on the lookout for altcoins with strong bullish momentum that could potentially be the best cryptocurrencies to buy now. With Bitcoin dipping back to the
Cardano (ADA) has recently caught the attention of crypto analysts who have made some ultra-bullish predictions for the future of the crypto token. One analyst, Altcoin Daily, predicts that Cardano could reach as high as $9 in this current bull run. This optimistic outlook is supported by other analysts such as Dan Gambardello, who forecasts